scholarly journals In the Context of Global Financial Crisis: The Localization of Multinational Banks and the Foreign Exchange Rate Regimes of the EU New Member States

2012 ◽  
Vol 2012 (32) ◽  
pp. 178-201
Author(s):  
Kazuya TAKAHASHI
Keyword(s):  
Exchange Rate ◽  
Financial Crisis ◽  
Foreign Exchange ◽  
Global Financial Crisis ◽  
Exchange Rate Regimes ◽  
Foreign Exchange Rate ◽  
Member States ◽  
New Member States ◽  
Eu New Member States ◽  
The Eu

Adapting the European System of Financial Supervision (ESFS) to the EEA Two-Pillar Structure – A Workable Solution?

2019 ◽  
Vol 16 (5) ◽  
pp. 557-591
Author(s):  
Andri Fannar Bergþórsson
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
National Level ◽  
Financial Supervision ◽  
Member States ◽  
Eu Member States ◽  
European System ◽  
Pillar Structure ◽  
The Global Financial Crisis ◽  
The Eu

In response to the global financial crisis, the European System of Financial Supervision (ESFS) was created in 2010. Supranational bodies were established for different financial sectors to act as supervisors of sorts for national-level supervisors in EU Member States. This article focuses on how the system was adapted to three EFTA States that are not part of the EU but form the internal market along with EU Member States through the EEA Agreement – Iceland, Norway and Lichtenstein (EEA EFTA States). The aim is to clarify how ESFS has been incorporated into the EEA agreement and to discuss whether this a workable solution for the EEA EFTA States that have not transferred their sovereignty by name in the same manner as the EU Member States. One issue is whether the adaptation has gone beyond the limits of the two-pillar structure, as all initiative and work stem from the EU supranational bodies and not the EFTA pillar.

Panel Data Evidence on the Effects of Fiscal Policy Shocks in the EU New Member States

2014 ◽  
Vol 35 (2) ◽  
pp. 189-224 ◽  
Author(s):  
Paweł Borys ◽  
Piotr Ciżkowicz ◽  
Andrzej Rzońca
Keyword(s):  
Fiscal Policy ◽  
Panel Data ◽  
Member States ◽  
New Member States ◽  
Policy Shocks ◽  
Eu New Member States ◽  
The Eu

scholarly journals New Measures of Workforce Skills in the EU

2012 ◽  
Vol 220 ◽  
pp. R17-R28 ◽  
Author(s):  
Lili Kang ◽  
Mary O'Mahony ◽  
Fei Peng
Keyword(s):  
Human Capital ◽  
Financial Crisis ◽  
Workforce Training ◽  
Data Series ◽  
Member States ◽  
Skill Levels ◽  
New Member States ◽  
The Us ◽  
Workforce Skills ◽  
The Eu

This paper presents new data series designed to yield a more complete picture of the growth in average skill levels embedded in the EU workforce, comparing with competitor countries such as the US and China. Harmonised data from EU surveys are employed to extend coverage in existing databases to more countries, to cover the period of the financial crisis, and to skills acquired through informal workforce training. The results indicate growth in labour quality in the EU15 marginally below the US, convergence of the group of new member states to the EU15 but no sign of convergence of China to more developed regions. There is evidence of a pronounced rise in labour quality in most countries after 2007, consistent with theories of labour hoarding, but with some notable exceptions. Expanding the conventional measures of labour quality to include informal training leads to small but significant increases in the growth of human capital in some EU15 member states.

scholarly journals European Integration and Competitiveness of EU New Member States

2016 ◽  
Vol 6 (1) ◽  
pp. 175 ◽  
Author(s):  
Boris Chistruga ◽  
Rodica Crudu
Keyword(s):  
European Integration ◽  
Industrial Development ◽  
International Competitiveness ◽  
Business Environment ◽  
Member States ◽  
New Member States ◽  
Global Innovation ◽  
Industrial Performance ◽  
Eu New Member States ◽  
The Eu

This research is intended to evaluate the influence of the European integration, through the EU financing dimension, upon the evolution of external competitiveness of countries part of the EU community since the enlargements of 2004 and, respectively, 2007, excluding Malta and Cyprus (hereafter called as New Member States (NMS)). The paper methodology is based on appropriate research of relevant economic indicators intended to evaluate the EU funds’ influence on the industrial development and external competitiveness of NMS. Therefore, in the analysis performed there were figured out and calculated correlations between the following indicators: EU expenditure by NMS, Current Account to GDP ratio, Industrial Performance index, Global Innovation Index and Index of Economic Freedom. These indicators characterize the NMS’ business environment, institutional framework and, consequently, the degree of international competitiveness. The research contributes to confirm the assumptions about the European integration and the EU financing instruments had important effects in improving the industrial performance, in particular, and international competitiveness of NMS, in general. However, the differences in the correlations calculated between EU financing received by the NMS and different analysed indicators, suggest that EU funds were not the only drivers of the increasing competitiveness of the analyzed countries.

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